February 9, 2011 

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This Edition Sponsored by IFS

IFS delivers software to make enterprises more agile by streamlining four core strategic processes: service and asset management, manufacturing, supply chain and projects.IFS delivers software to make enterprises more agile by streamlining four core strategic processes: service and asset management, manufacturing, supply chain and projects.
IFS Applications™ is a component-based extended ERP suite built on SOA technology. IFS provides software solutions that serve manufacturing, project-based and asset-intensive industries. We thrive in complex environments and with businesses that strive to be agile.

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Voices

Convergence of U.S. GAAP and IFRS will require standardization of accounting procedures globally for ERP and CMMS systems
David Berger, P.Eng., contributing editor, says IFRS could change how asset life cycle costs are tracked globally.
 

With so much controversy surrounding financial reporting for public companies during the past decade or so, it's no surprise that a new global standard for the preparation of financial statements is emerging. The International Financial Reporting Standards (IFRS) have been developed by the International Accounting Standards Board (IASB) in an attempt to give greater transparency to investors in public companies. As well, IFRS enables making an apples-to-apples comparison of companies, regardless of the geographic location of the parent or subsidiary companies.

Convergence of U.S. GAAP and IFRS will require standardization of accounting procedures globally for ERP and CMMS systems

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Issue Highlights

Innovations in CMMS and EAM are making life easier for the plant maintenance department
Sheila Kennedy, contributing editor, says CMMS and EAM are expanding their offerings.

Vendors are taking steps to leverage trends and technologies in their ongoing quest to improve and simplify asset management processes. New technologies deepen the ability to manage assets effectively. 

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Latest Products

Apriso's FlexNet Maintenance 2.0 solution enables visibility, control and synchronization of maintenance operations Apriso's FlexNet Maintenance 2.0 solution enables visibility, control and synchronization of maintenance operations  
Azima DLI's ExpertALERT 3.40 machinery condition assessment software allows manufacturers to prioritize machine repairs Azima DLI's ExpertALERT 3.40 machinery condition assessment software allows manufacturers to prioritize machine repairs     
ExperTune's PlantTriage provides real-time trending of process variables on your mobile phone ExperTune's PlantTriage provides real-time trending of process variables on your mobile phone  


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Sponsored Special Report

10 ways PdM improves ROI: Examples of cost-benefit analysis for condition monitoring
Engineers see the value of predictive maintenance (PdM), but unfortunately there's no line on the spreadsheet for it. The difficulty of demonstrating return on investment (ROI) is one of the top barriers to success identified by plant engineers and middle management who understand a PdM program's effect on the bottom line.

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